Category: the Treasury Department

Treasury Department Redeploys $690 Million To Prevent Evictions of Struggling Tenants

January 25, 2023
ArchivedNewsPolicies & Impactsrental assistancerentersthe Treasury DepartmentUSUS News
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The U.S. Department of Treasury has announced the reallocation of $690 million under the Emergency Rental Assistance Program (ERA) to help those facing financial hardship avoid eviction. According to a Treasury Department press release from Jan. 24 they have reallocated more than $3.5 billion for the ERA program and have made more than 8 million…

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US Registers $119 Billion Monthly Budget Surplus As People Get Back to Work

February 12, 2022
2021 federal budgetBusiness & Economyeconomygovernment debtthe Treasury DepartmentUSUS News
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The United States government has posted a budget surplus for January 2022, the first time in over two years, displaying a considerable change over the deficit registered during the same month last year as government revenue collection improved post-pandemic. For January 2022, the United States posted a $118.70 billion surplus, up from a deficit of…

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US Cuts Funding for Fossil Fuel Projects in Developing Countries

August 24, 2021
Archiveddeveloping countrieseconomyExecutive Branchfossil fuelNewsPoliticsthe Treasury DepartmentUSWorld Bank
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News Analysis WASHINGTON—Tackling climate change is “no longer business as usual” and requires significant defunding of the fossil fuel industry, according to the U.S. Treasury Department. To that end, the United States and other Group of Seven (G-7) countries have agreed to cut funding for fossil fuel energy projects both domestically and in developing countries….

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US December Deficit Hits $144 Billion, Record For The Month

January 14, 2021
BusinessdeficitEconomieseconomythe Treasury DepartmentUnited StatesUSUS News
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WASHINGTON—The U.S. government posted a December budget deficit of $144 billion—a record for the month—due to far higher outlays with CCP virus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury Department said on Wednesday. The Treasury said the December deficit compares with a $13 billion deficit in December 2019, before the…

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